The US has for the first time publicly called for the Doha Round of global trade negotiations to be abandoned, arguing that after almost a decade and a half of fruitless discussions, developing and developed nations alike needed to recognise they were going nowhere and that it was time to try new approaches.
Writing in the Financial Times ahead of the World Trade Organisation’s biennial ministerial meeting in Nairobi this week, Mike Froman, the US trade representative, said that 14 years after it was launched the Doha Round “simply has not delivered”.
“We need to write a new chapter for the [WTO] that reflects today’s economic realities,” Mr Froman said. “It is time for the world to free itself of the strictures of Doha.”
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